Forecast: Economy Vulnerable, But Growth is Seen

While consumer spending is still sluggish, the forecast for the U.S. economy is favorable and a double-dip recession is unlikely. That’s the word from a senior economist at Huntington Bank, who also sees good news ahead for U.S. businesses.

“Corporate profits are close to achieving a new U.S. record high, with strong growth in both manufacturing and non-manufacturing sectors, economist George Mokrzan said.

He also notes that proposed tax cuts “would help spark spending, but are challenging to implement due to the high level of government debt.”